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    5201 Commonwealth Centre Pkwy Midlothian, VA 23112

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    For Lease
    $22 SF/Yr ($4,400 /Mo)

    Retail spaces available near high-traffic area and upcoming Residence Inn.

    Property size:
    2,400 SF
    Lot size:
    1.95 Acres

    Property Features for 5201 Commonwealth Centre Pkwy

    General Information

    Size
    2,400 SF
    Lot size
    1.95 Acres

    Source: Cushman & Wakefield | Thalhimer - Corporate Agent Annie O'Connor

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space Near Future Residence

    Available for lease are retail spaces of 2,400 and 5,200 square feet. The property benefits from its location in a rapidly growing submarket with high traffic volume of 79,000 vehicles per day. The site offers convenient access to Hull Street Road and Route 288. A Residence Inn with 115 rooms is under construction next door, with expected delivery in 2024. Current tenants include iLoveKickboxing.com, Massage Envy, and Southeastern Physical Therapy for Kids.
    Insight Report Location Intelligence

    Current Use by Public Records

    Massage Envy Massage Spa

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Midlothian
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.6286483
    Latitude
    37.4174217

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    FAQs

    What type of property is this?
    Retail space - Retail spaces available near high-traffic area and upcoming Residence Inn.
    Where is this retail space located?
    The property is located at 5201 Commonwealth Centre Pkwy Midlothian, VA.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: - High traffic volume: 79,000 vehicles per day (VPD); - Located in a fast-growing submarket of Richmond, VA (RVA); - Easy access to Hull Street Road & Route 288
    (804) 648-5881
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5201 Commonwealth Centre Pkwy Midlothian, VA 23112
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